XRP’s Future Brightens as Ripple Partners with BNY Mellon for RLUSD Stablecoin

In a landmark move, Ripple has announced a strategic partnership with BNY Mellon, the oldest bank in the United States, to serve as the primary custodian for its U.S. dollar-backed stablecoin, Ripple USD (RLUSD). This collaboration, revealed on July 26, 2025, marks a significant step forward for RLUSD, enhancing its credibility and regulatory compliance. BNY Mellon's role as the custodian of the reserves backing RLUSD is expected to bolster institutional confidence and adoption of the stablecoin. The partnership comes amid a $500 million surge in interest for RLUSD, signaling strong market demand. Emily Portney, Global Head of Asset Servicing at BNY Mellon, emphasized the importance of this collaboration in ensuring transparency and trust in the stablecoin ecosystem. This development is poised to further solidify XRP's position in the cryptocurrency market, as Ripple continues to expand its offerings and partnerships. The integration of traditional banking expertise with blockchain innovation through this partnership underscores the growing convergence of traditional finance and digital assets. Investors and market watchers are optimistic about the potential for RLUSD to drive further adoption of XRP and other Ripple-backed solutions in the financial sector.

Ripple Picks BNY Mellon to Back RLUSD Stablecoin Amid $500M Surge

Ripple has secured a significant partnership with BNY Mellon, the oldest bank in the U.S., to act as the primary custodian for its U.S. dollar-backed stablecoin, Ripple USD (RLUSD). This move enhances RLUSD's credibility and regulatory standing, as BNY Mellon will hold the reserves backing the stablecoin.

The collaboration aims to improve compliance and institutional confidence in RLUSD. Emily Portney, Global Head of Asset Servicing at BNY Mellon, emphasized the bank's role in facilitating seamless reserve asset movements to support conversions.

Since its launch in December 2024, RLUSD has rapidly grown to a $500 million market cap, showcasing strong adoption in the competitive stablecoin space. The token is fully backed 1:1 by cash and U.S. Treasury assets.

XRP Hits 45-Day High as Guppy Indicator Signals Further Gains

XRP surged to $2.83 during early U.S. trading hours, marking its highest level since May 23. The MOVE coincides with a bullish crossover on the Guppy multiple moving average indicator, a technical signal that often precedes extended rallies.

Short-term exponential moving averages have breached their long-term counterparts, suggesting momentum is building. Chart watchers now eye the May 14 high of $2.649 as the next logical resistance level.

XRP Breakout Signals Bullish Reversal Above $2.33 Level

Ripple's XRP has surged past a critical resistance level at $2.33, sparking Optimism for a bullish reversal. The breakout follows weeks of consolidation and the formation of an inverted head-and-shoulders pattern—a classic technical indicator of trend reversal. At press time, XRP retraced slightly to $2.29, testing the newfound support level.

Derivatives markets reflect heightened activity, with open interest climbing 6.82% to $5.02 billion and trading volume spiking 111% to $10.28 billion within 24 hours. Such momentum typically precedes sustained price movements, though conflicting sentiment metrics suggest potential volatility ahead.

Ripple Appoints BNY Mellon as Custodian for RLUSD Reserves Amid $500M Supply Milestone

Ripple has named BNY Mellon as the official reserve custodian for its enterprise-focused stablecoin, Ripple USD (RLUSD), according to a July 9 announcement. The move underscores Ripple's push to bridge traditional finance and decentralized ecosystems.

BNY Mellon was selected for its DEEP expertise in digital asset infrastructure and its role as a trusted provider of transaction banking services in the U.S. The bank will manage RLUSD's cash reserves and support Ripple's operational needs through integrated banking solutions.

Jack McDonald, Ripple's Senior Vice President of Stablecoins, highlighted RLUSD as a solution for enterprise-grade financial tools, praising BNY Mellon as a 'forward-thinking partner.' Emily Portney, BNY Mellon's Global Head of Asset Servicing, emphasized the bank's commitment to supporting institutional adoption of digital assets.

The partnership follows Ripple's earlier collaboration with Switzerland-based AMINA Bank, which brought RLUSD into Europe's regulated banking environment. Together, these moves signal Ripple's aggressive expansion into institutional crypto services.

Australia's Regulatory Shift Fuels XRP/AUD Premiums

Australia's MiCA-inspired crypto regulations are creating arbitrage opportunities as XRP trades at sustained premiums against the Australian dollar. The new licensing framework, rolled out in early 2025, treats digital-asset services through activity-based standards similar to Europe's MiCA.

Market participants like Liam, a Sydney-based trader, have identified structural advantages in the XRP/AUD pair. The regulatory certainty is attracting institutional liquidity, reshaping price dynamics in what may become a blueprint for other jurisdictions.

While the premium presents profitable opportunities, challenges remain in scaling these arbitrage strategies. The evolving regulatory landscape continues to influence crypto market microstructure down under.

XRP Price Prediction: Analyst Foresees 600% Surge to $15 Amid Wave 3 Rally

Crypto analyst Shawn Mark has sparked bullish sentiment in the XRP community with a bold prediction of a 600% price surge, drawing on Elliott Wave Theory. The third wave, historically the most aggressive phase, could propel XRP to the $13–$15 range, with extended targets between $26 and $33. This forecast mirrors the token's 600% rally between November 2024 and January 2025, fueled by legal and regulatory breakthroughs.

XRP currently trades at $2.346, testing short-term resistance at $2.30. Market optimism is building as traders watch for a potential breakout into price discovery above $10. "Wave 3 is typically the most aggressive phase of an impulsive move, and XRP’s setup looks ripe," Mark noted, emphasizing the pattern's historical reliability.